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Q:

If everyone on the team is a veteran, what will you do to fit in ?

Answer

This answer shows steps of becoming a team member that doesn't appear to be in training. It is describing ways to limit training times in meetings, and include that a new worker could benefit an existing team by making a list of ideas.

Even if everyone is a veteran, I feel confident I can fit right in. I would prepare as much as I can by reading existing material to catch up on the project. I would plan for meetings by making a list of questions I have and finding the answers to these questions before the meeting. I would also create a list of ideas through the documents I have read. A fresh mind could help with creative solutions. I know that I would be required to study a lot in the beginning, but I would be able to do so at home or by working late in the office.

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Subject: Leadership and Management Exam Prep: Bank Exams , CAT , GATE
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Q:

K and L start a business jointly. K invests Rs.16000 for 8 months and L remains in the business for 4 months. Out of the total profit L claims 2/7th share. How much money is contributed by L?

A) Rs. 13,204	B) Rs. 14,521
C) Rs. 12,800	D) Rs. 15,000

Answer & Explanation Answer: C) Rs. 12,800

Explanation:

Given share of L is 2/7 th of profit. Then, their profits are divided in to 5:2 ratio.

Ratio of K and L is

$\frac{16000 \times 8}{x \times 4} = \frac{5}{2}$

x = Rs. 12,800.

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Filed Under: Partnership
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Q:

Madhu started a business and he invested in 76000, After some month, Amar came to join with him and invest 57000.The end of the year the total profit was divided among them into ratio form 2 : 1.Find after how many months Amar join.

A) 7 months	B) 8 months
C) 3 months	D) 4 months

Answer & Explanation Answer: D) 4 months

Explanation:

we can assume that Amar join into business after x months. So Amar money was invest into (12 – x ) months.

$\frac{76000 \times 12}{57000 \times (12 - x)} = \frac{2}{1}$

--> 912000 = 114000 ( 12 – x ) = 114 ( 12 – x ) = 912

--> x = 4

After 4 months amar join the business.

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Filed Under: Partnership
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Q:

A began a business with Rs. 85000. He was joined afterwards by B with Rs. 42,500. For how much perod does B join, if the profits at the end of the year are divided in the ratio of 3:1 ?

A) 8 months	B) 6 months
C) 7 months	D) 9 months

Answer & Explanation Answer: A) 8 months

Explanation:

Suppose B joined for x months.

Given profit is divided in the ratio 3:1. Then,

$\frac{85000 \times 12}{42500 \times x} = \frac{3}{1}$

--> x = 8 months.

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Filed Under: Partnership
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Q:

Ravi, Anand and Pranay are running a business firm in partnership. What is Anand's share in the profit earned by them?

a. Ravi, Anand and Pranay invested the amounts in the ratio of 2 : 4 : 7.

b. Pranay's share in the profit is Rs. 8750.

A) Only a is sufficient	B) Neither a nor b is sufficient
C) Only b is sufficient	D) Both a and b sufficient

Answer & Explanation Answer: D) Both a and b sufficient

Explanation:

Given Pranay's profit in the share is Rs. 8750

But given that their investments are in the ratio 2:4:7

$\frac{7}{13} \times P$ = 8750

P = 16250

Now Anand's share = $\frac{4}{13} \times 16250$ = Rs.5000

Thus both staements a and b are sufficient to answer this question.

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Filed Under: Partnership
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Q:

Karan started a business investing Rs 29000. After five months, Satish joined with a capital of Rs 18000. If at the end of the year, they earn a profit of Rs. 16970, then what will be the share of Satish in the profit ?

A) Rs. 5422	B) Rs. 5489
C) Rs. 4511	D) Rs. 6145

Answer & Explanation Answer: C) Rs. 4511

Explanation:

Now as per question, Karan invested for 12 months and Satish invested for 7 months.

So, Karan:Satish = (29000 x 12):(18000 x 7)

= 348:126

= 58:21

Satish Ratio in profit will be= $16970 \times \frac{21}{79}$ = Rs. 4511

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Filed Under: Partnership
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Q:

Statement: People in Pratapgarh are not paying their telephone bills in spite of the various verbal warnings and remainders. It has now informed the subscribers through a notification that those who do not pay their bills by the due date will be charged penalty for every defaulting day.
Course of action:
a. Majority of people may pay their bills by the due date to avoid penalty.
b. People generally pay heed to such statutory notifications.

A) Only a follows	B) Both a & b follows
C) Only b follows	D) Neither a nor b follows

Answer & Explanation Answer: B) Both a & b follows

Explanation:

Enforcing a penalty will motivate people to pay the bills. So, course of action a follows.
It is general tendency to act accordingly when a penalty clause slapped. So, course of action b follows.

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Filed Under: Statement and Courses of Action
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Q:

A shopkeeper sells two articles at Rs.1000 each, making a profit of 20% on the first article and a loss of 20% on the second article. Find the net profit or loss that he makes?

A) 2%	B) 4%
C) 3%	D) 2.5%

Answer & Explanation Answer: B) 4%

Explanation:

SP of first article = 1000

Profit = 20%

CP = $\frac{100}{100 + P} \times S P$ = 5000/6 = 2500/3

SP of second article = 1000

Loss = 20%

CP = $\frac{100}{100 - L} \times S P$ = 5000/4 = 1250

Total SP = 2000

Total CP = $\frac{2500}{3}$ + 1250 = 6250/3

CP is more than SP, he makes a loss.

Loss = CP-SP = (6250/3)- 2000 = 250/3

Loss Percent = $\frac{\frac{250}{3}}{\frac{6250}{3}} \times 100$ = 4%

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Filed Under: Profit and Loss
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